Putin splurges on 1M European wine bottles amid import fears

Russian President Vladimir Putin's staff has reportedly bought more than a million bottles of wine from Europe, amid fears the country could soon be banned from importing it.

Morrell and Company Wine's Douglas Fauth said that there are vast amounts of the great wines of the world and there is nothing to be concerned about, the New York Post reported.

Crush Wines' Ian McFadden said that he has not seen any kind of run on Russian people buying anything particular in any massive quantities.